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    1020-1040 Palmyrita Ave Riverside, CA 92507

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    For Sale
    Contact for pricing

    Six-building business park with high occupancy and parking.

    Property size:
    125,974 SF
    Lot size:
    8.74 Acres

    Property Features for 1020-1040 Palmyrita Ave

    General Information

    Size
    125,974 SF
    Lot size
    8.74 Acres

    Source: Voit Real Estate Services Agent Michael Bouma

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Business Park For Sale

    This multi-tenant business park, known as Iowa Corporate Center, comprises six buildings. The property features high occupancy, with 94% of its units currently leased (18 out of 21 units occupied). There are 423 on-site parking spaces available. The warehouse space includes 15 existing ground-level doors, along with 12 knockout panels. The warehouse clear height ranges from 13 to 14 feet. The property encompasses a total area of 125,974 square feet and is located in Riverside, CA.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Martinez cocktails

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.33492
    Latitude
    34.003842

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    FAQs

    What type of property is this?
    Flex space - Six-building business park with high occupancy and parking.
    Where is this flex space located?
    The property is located at 1020-1040 Palmyrita Ave Riverside, CA.
    What are key features of this property?
    This property features: - 94% Leased (18/21 Units Occupied); - Six Building Multi-Tenant Business Park; - 423 On-Site Parking Spaces
    (714) 935-2340
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    1020-1040 Palmyrita Ave Riverside, CA 92507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020-1040 Palmyrita Ave Riverside, CA 92507
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